PMETAL, potential swingOur algorithm has identified potential upward signals in the current market. Increased trading volume and prices above the EMA20 and EMA50 suggest a possible upward trend.
💡Trading idea dan plan:
✅Entry: 4.35
🛑Stop Loss @SL: 4.20
🎯Target Price @TP1: 5.00
🎯Target Price @TP2: 5.45
🎉Target Price @TP3: 5.85
(This trading plan is for reference only and may vary based on your entry point and risk tolerance.)
Remember, trading strategies are just 10-20% of your overall success. The real key lies in effective risk management. Having a solid trading plan and proper position sizing are crucial for maintaining the right trading psychology. Master your risk management and stick to your plan.
Happy trading!
Synergy House - Cup and Handle PatternSynergy House, a furniture player headquartered in Setia Alam, appears to have formed a Cup and Handle pattern on its technical chart.
The company stands out despite the overall underperformance of the industrial products sector. Furniture exporters, including Synergy House, are expected to benefit from a stronger USD. Besides, the company has implemented AI solutions to enhance cost savings.
However, a major risk for the company stems from the default risk posed by one of its clients.
HUMEIND shorten will be....The MACD line is crossing below the signal line, indicating a potential bearish crossover. The histogram is also starting to turn downwards, further supporting this bearish sentiment. The RSI is currently below 50, suggesting that the momentum is weak. This combination of signals suggests a potential downward trend in the short term. However, it's important to monitor the indicators closely and consider other factors before making any investment decisions.
When the market moves where, and how, and if - these are all unknown. The only thing which we can control is our risk. Focus on risk management!
Keep the long term vision.
Disclaimer: The mentioned stocks are based solely on personal opinions for educational and discussion purposes only. There are no buy or sell recommendations. Trading involves financial risk, and you are responsible for your own decisions. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the information contained herein.
AIZO, can become aiyoyo?The MACD and RSI indicators are giving mixed signals for AIZO. The MACD suggests a potential upward trend, while the RSI indicates neutral momentum. This means it's too early to confirm a strong trend. It's best to monitor the indicators closely and consider other factors before making any investment decisions.
We cannot control how much we win. But we can control how much we lose. Focus on what you can control!
Disclaimer: Please be informed that all stock picks are solely for educational and discussion purposes; they are neither trading advice nor an invitation to trade. For trading advice, please consult your remisier or dealer representative.
BNASTRA, the coming weeks will be.....Let's analyze BNASTRA using MACD and RSI:
MACD :
* The MACD line is below the signal line, indicating a bearish trend.
* A potential bearish crossover might occur soon, which could signal further downward pressure.
RSI :
* The RSI is below 30, suggesting the stock is oversold. This could indicate a potential rebound.
* However, a sustained period below 30 could signal a stronger downtrend.
Combined Interpretation:
Both indicators are currently pointing to a bearish trend. However, the oversold RSI suggests that a short-term rebound might be possible.
Remember:
* Technical indicators are tools to aid analysis, not definitive predictors.
* Market conditions can change rapidly.
* Always consult with a financial advisor for personalized advice.
Disclaimer: Please be informed that all stock picks are solely for educational and discussion purposes; they are neither trading advice nor an invitation to trade. For trading advice, please consult your remisier or dealer representative.
GREATEC - FROM BEARISH TO BULLISH ?GREATEC - CURRENT PRICE : RM2.37
After reach the bottom with a bullish HAMMER CANDLESTICK on 16 OCT 2024, the stock broke out of its downtrend in mid October and is building on a trend reversal, suggesting a bullish bias may be emerging.
Based on chart pattern analysis, we can see that there is a DOUBLE BOTTOM pattern. The downward movement from 12 July 2024 have potential of forming V BOTTOM pattern.
Today 06 Nov 2024, the share price make a new 2 month high to closed at RM2.37, supported by strong trading volume. This bullish momentum may propel the share price to move upside in the upcoming session.
Target Price : RM2.52 and RM2.70
Support : RM2.26 (half candle of today session)
Notes : Market reacts positively to Trump’s 'Victory' in Presidential Race. Bursa Malaysia Technology Index made a 6.18% gain on a single day. We hope this positive market sentiment will continue to push technology stocks to upward. Lets hope for the best.
TAYOR - TRADE AT YOUR OWN RISK.
Tanco, will it keep dancing?The stock price of TANCO has been rising since September, but it recently pulled back. The MACD indicator suggests potential downward momentum, but low volume indicates a lack of selling pressure.
Possible scenarios:
* Uptrend resumes: If buying pressure returns, the stock could continue its upward trend.
* Retracement or consolidation: The current pullback could be a temporary pause before the uptrend resumes.
* Downward correction: If selling pressure increases, the stock could experience a deeper correction.
Consider market sentiment, news events, and other technical indicators for a more comprehensive analysis. Remember to conduct your own research or consult a financial advisor before making investment decisions.
Disclaimer: Please be informed that all stock picks are solely for educational and discussion purposes; they are neither trading advice nor an invitation to trade. For trading advice, please consult your remisier or dealer representative.
Simple13 Trading IdeaCurrent Price: RM 2.40 (+6.19% today)
Today’s quarterly earnings report showed revenue growth but a QoQ profit drop. Despite the profit decline, the stock opened with a gap up, indicating that the results were above market expectations.
Key Observations
Technical Breakout:
Today, the price broke above the 20 EMA on the daily chart.
If the upward momentum continues, the 10 EMA could cross above the 20 EMA on both the daily and weekly charts, signaling a strong bullish trend.
Tin Price Correlation:
This company’s profit is closely tied to tin prices, which are currently at a low support level.
If tin prices rebound from this level, the company’s next-quarter earnings are likely to improve.
Entry Area: RM 2.40 to RM 2.20 (near trendline support).
Take Profit Area: RM 2.40 to RM 3.30.
If the price drops below RM 2.10, consider cutting losses as it may dip below the 20 EMA, signaling a deeper pullback.
Summary
This stock presents an interesting opportunity, driven by positive earnings surprise, technical breakout, and potential rebound in tin prices. If you believe in a stronger profit outlook for the next quarter, now could be an excellent buying point near trendline support.
Disclaimer: This post is for informational purposes only and does not constitute financial advice. Please conduct your own research and assess your risk tolerance before investing.
SCGBHD MARKING UPA typical Re-Accumulation Pattern of Wyckoff Shcematic #2
Noticed that the supply reducing (Red Arrow)
Lowest supply since then (Black Arrow)
With a feather's weight in action, Trigger Bar out today
Position today as attached
Tight risk
PUREWYCKOFF
PMBTECH - BOTTOM HAVE REACHED and POSSIBLE TREND CHANGING ?PMBTECH - Current Price : RM1.93
PMBTECH may had reached bottom as we can see in chart there is BULLISH DIVERGENCE in stochastic oscillator. Furthermore, the low is getting higher than previous low indicates some bullish scenario.
In addition, based on ICHIMOKU CHARTS, CHIKOU SPAN manage to climb up above LEADING SPAN 1 (but still below LEADING SPAN 2 - means still inside CLOUD). And today share price is testing to move upward into CLOUD.
Take note also that share price is trading above 50-day EMA. With all the information we identify in the charts, we believe that the share price may move upside in the upcoming session.
1st target will be the FALLING RESISTANCE LINE (blue colour line) , 2nd target will be 200-day EMA. Support is RM1.75 (the low of LONG OPENING BOZU WHITE CANDLESTICK)
Notes : Please study the FUNDAMENTAL of company and also other related news/catalyst. Trade at your own risk.
MAHSING Break Out Technical Analysis
Break out of Ascending Triangle Pattern
Uptrend on the MACD volume
Short Term Trading
Wait for retest of Support Area ( White Zone ) and enter long once rebound from support area.
TP on 2.16 ( 19.34% Gain )
SL on 1.67 ( 7.73% Loss )
Record Holding
0 Stock hold as of now.
RCECAP : Short Term Stock Trading 3 Reason to Trade this stock
Good Fundamentals Stock
Trading in horizontal support zone & parallel uptrend
Continues business growth since 2015
Short Term holding ( 3 months )
Expect for 12.34 % capital gain
Record Holding
30 lots stock holding
KERJAYA CONT MARK UPTypical Rising bottom Re-Accumulation
type #2 Re-Accumulation Schematic , as previously introduced by Late Prof Hank
Noticed supply since 21/10, getting absorbed
**Red Arrow
I like to initiate position around BUEC area, bcoz thats where momentum usually the highest.
Thus position initiated as attached.
Tight SL
PureWyckoff
Simple13 Analysis for Long Term InvestorToday’s strong price surge was likely driven by the recent quarterly earnings report, which the company has declared a third interim dividend, marking its highest annual dividend payout to date. This dividend announcement has likely attracted long-term investors, as evidenced by the substantial inflow of large transactions.
Key Observations:
High Volume but Limited Price Movement in 2nd Half: During the second half of today’s trading session, the stock didn’t move up much despite high volume, similar to the first half. It show a strong resistance at current price. So, likely the stock will pull back.
From a technical perspective, this price surge is also due to the confirms a break of the downtrend line with strong volume, indicating sustained interest and support for this price level.
Buy in or Accumulate:
While today’s momentum may slow down, there’s an opportunity for long-term investors to buy during a pullback. Consider entering in two stages:
1st Entry: Near the Fibonacci support level, as this may provide a strong base.
2nd Entry: Closer to the trendline for additional confirmation.
Summary:
The high dividend payout and the technical breakout signal both point to continued interest in the stock. With today’s gains, it’s reasonable to expect uptrend momentum may slow, offering potential buying opportunities on pullbacks.
Disclaimer: This post is for informational purposes only and does not constitute financial advice. Please conduct your own research and assess your risk tolerance before investing.
MYX:KGB
Simple13 Trading IdeaAfter 76 days of consolidation between RM 4.90 and RM 5.60, this stock has finally broken out with high volume following its recent quarterly earnings report. While the report itself was not particularly impressive, the stock price has surged, suggesting that investors might be betting on improved performance in the next quarter.
Trading Plan
Entry Area: RM 5.77 to RM 5.40
Consider accumulating in this range, as it aligns with a favorable risk-to-reward setup.
Take Profit Area: RM 5.77 to RM 7.30
This range offers a potential upside; gradual profit-taking is suggested if the price reaches this area.
Cut-Loss Level: Below RM 5.40
If the price drops below RM 5.40 and potentially breaks under the 20 EMA, consider a cut-loss to limit risk, as the pullback may extend further than anticipated.
Summary
This breakout suggests a potential rally, but since recent earnings weren’t a strong driver, the price movement may hinge on expectations of future improvement. Managing risk with a defined entry, profit, and exit strategy is crucial.
Disclaimer:
This is for informational purposes only and not a recommendation to buy or sell. Please conduct your own research and assess your risk tolerance before investing.
MYX:PIE
PBA, potential upward signals
Our algorithm has identified potential upward signals in the current market. Increased trading volume and prices above the EMA20 and EMA50 suggest a possible upward trend.
💡Trading idea dan plan:
Entry:2.42
Target Price @TP1: 2.73
Target Price @TP2: 3.07
Stop Loss @SL: 2.09
(This trading plan is for reference only and may vary based on your entry point and risk tolerance.)
Remember, trading strategies are just 10-20% of your overall success. The real key lies in effective risk management. Having a solid trading plan and proper position sizing are crucial for maintaining the right trading psychology. Master your risk management and stick to your plan.
Happy trading!
Engtex - Malaysian pipe supplier holding at support lineEngtex Berhad, a Malaysian pipe supplier headquartered in Sungai Buloh, stands to benefit from the recent surge in pipe replacement projects across the country. The company may see higher sales volumes from the Rasau water supply scheme, Langat 2 water treatment plant, and the Perak-Penang water transfer scheme, which all use larger-diameter pipes.
The share price is currently holding at the support line, with further confirmation required.
SP SETIA - SIDEWAYS with UPSIDE BIAS ?SP SETIA - Current Price : RM1.40
The stock is currently trading in sideways range. However, i considered it have a potential to UPSIDE movement as the price made a rebound yesterday after touching the 50-day EMA and price is also trading above ICHIMOKU CLOUD.
Supported by technical indicator in RSI above 50 (bullish) and stochastic oscillator at oversold zone, a rebound to higher price is expected.
Target Price : RM1.48 and RM1.54
Support : RM1.32 (17 OCTOBER 2024 lows)
Notes : SP SETIA is a property company and shariah compliant.
RCECAP - Consolidate + H&S chart pattern
RCECAP - Consolidate since Feb 2024, making higher high all the time, H&S complete at RM1.69 if not drop the price lower than RM1.60. Entry RM1.66, SL RM1.60, Risk 3.6%, TP (Profit 10%) RM1.80. However, RM1.90 can take 80% profit 1st
Hope my analysis is correct.
MAGNI Daily Chart - breakout H&S
My analysis:
1) Weekly H&S failed to complete
2) Want to retest previous yearly (2019) high
3) Daily chart consolidate more than 5 weeks
Manage my risk management, mean my SL. Don't not afraid that my analyst is wrong. Mistake makes perfect.
KIMLOONG - Breakout monthly high
KMLOONG - breakout yearly high and if revert to breakout price, can entry at 2.52, SL 2.44, TP 2.68
It also breakout previous month high, pullback and continuous trend
EUPE (6815) - PROPERTY companyEUPE just announce a profitable QR on 18 OCT 2024. And the prospect looks good.
Technically , if price breakout RM1.16 , it will trigger a buy signal (ENTRY PRICE : RM1.17) and short term target will be RM1.25 - RM1.26
